The Real Deal Miami

Brickell-area Wendy’s trades for $10.5M

May 30, 2014 12:45PM

The site of a Wendy’s restaurant in Miami’s Brickell area changed hands for $10.5 million.

A Coral Gables-based partnership sold the 200 Southwest Eighth Street property in a transaction recorded last week, according to Miami-Dade County records. The buyer of the 3,224-square-foot restaurant building is Brickell City Rentals of Miami. Brickell City is managed by Juan Cachoua.

The seller gave Brickell City a $5.3 million mortgage as part of the transaction. The loan balance must be paid by May 2019. The restaurant building was constructed on the 26,600-square-foot property in 1979. — Eric Kalis

Correction: A previous version of this article misidentified the seller of the property.